Forum Replies Created
- Originally posted by Robert B:
Following the sheep will only lead you to the slaughter house. Most unsophisticated investors are followers!
I have one policy I try to stick to… if everyone else is doing it, I DON’T!!!
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[withstupid]
The forumite formally known as Big Rob[biggrin][biggrin][biggrin][biggrin]
Like IP? I love it.
Cough up your address Bro. I know some people who’d love to talk to you and share a few laughs.
Wow. Racial taunts on the Kiwi Thread of property investing. LOL. I don’t suppose you have the moral strength to talk the talk when you are talking to the majority of Bouncers in Australia?
Originally posted by nowork:In reply to shaztaz’s reply, I have seen a mortgage broker and he said that I was eligible for a loan of $200,000.00 but only in certain areas of higher population and stature. Thanks to all for your insights. I will read each reply and take all suggestions onboard. The only problem is I have to grow more confidence and learn to take calculated risks. Thanks again.
Bugger that mate. You’re at the top(sic) of the biggest asset bubble in history. It’s a world wide thing so don’t worry you’re not alone. Use the $200k to buy a car park in inner city Sydney. It will appreciate 10% each year no problem. If there is a crash don’t stress. You’ll only have at least 6 years of negative equity. You’ll be right. Don’t look at any history of bubbles or booms. Just look at the last 6 years. You know that the rules have changed.
I’d say good luck but you don’t need luck. You need the Rapture.
Originally posted by foundation:Originally posted by woodsman:Foundation, so what are your credentials to give out advice??
A fair question perhaps, but what use posting qualifications on an internet forum? What does it matter providing the advice I dispense does not cause harm to others?
I think any poor or misguiding advice deserves to be challenged, and I would urge everyone to do so.
Remember, Nads73 has much to lose if a hasty or ill-informed investment decision is made.
So perhaps it is time for me to advise Nads rather than simply picking on other posts?Nads73, your collection of ‘good books’ should include:
Extraordinary Popular Delusions & the Madness of Crowds by ANDREW TOBIAS
Manias, Panics, and Crashes: A History of Financial Crises by Charles P. Kindleberger
How to Profit from the Coming Real Estate Bust : Money-Making Strategies for the End of the Housing Bubble by John Rubino
and
Irrational Exuberance by ROBERT J SHILLER
when the 2005 edition hits the streets.Just for a few. Remember, if the author offers an expensive seminar, put the book back on the shelf.
Cheers & Goodluck Nads,
F.[cap]Foundation speaks a lot of sense in my opinion. How to Profit from the Coming Real Estate Bust : Money-Making Strategies for the End of the Housing Bubble by John Rubino is a great read and is available from the public library if you are to cheap to invest $30 before you risk $100’s of thousands
Hey but you guys buy at the top of the largest asset bubble in the history of mankind.
Id say good luck but luck is for chumps in this game. Planning is the key and if your research consists of the last 6 years …………
Congratulations on being a lot more savvy than the average punter. I have a course that can help you achieve financial independence. Coincidently it requires an investment of $22’000. Don’t worry. You’ll make your money back in no time.
Regards Henry Kaye
Air goes in and out. Blood goes round and round. Any variation is a bad thing
Don’t lose faith now!
For goodness sakes property goes up, on average, 10% a year!
Don’t lose your nerve. If you sell for a loss then others will be encouraged to do the same. Then there really will be a crash.
Air goes in and out. Blood goes round and round. Any variation is a bad thing
Originally posted by Karl and Rita:
[br
Ignorant words written by ignorant people attacking what they don’t fully understand.I trust that you aren’t calling me ignorant?
Air goes in and out. Blood goes round and round. Any variation is a bad thing
Visit her at home. That brings it “home” as it were.
You could do what my mate did. Provide her with a candid photo of her in her “environment”
Or have “soldier of fortune”, “knives weekly” delivered to you at work.
“can I have a quick word with you?” at the top of a flight of stairs.
Air goes in and out. Blood goes round and round. Any variation is a bad thing
Originally posted by Karl and Rita:Thanks for the link Monopoly, interesting read, and am now more convinced he’s on some crusade against wrapping.
Before I got into RE investing I went to a Neil Jenman seminar in Brisbane. He was talking about Real Estate agents at the time with attacks on auctions. He even gave everyone at the seminar a free showbag with his latest book (at the time) “Real Estate Mistakes”.
The book and the seminar opened my eyes to the possibility of dodgy going-ons with real estate agents and the like, and I am grateful for that. Yet like a lot of people who discover they have a little power, they want more and believe they can attack anything even if they don’t fully understand.
My main point is this, and may have been expressed by others as well:
If Mr Jenman is so righteous, why can he not humble himself for two minutes and view wrapping from all perspectives. Wrapping is a TOOL. A hammer is a TOOL. A knife is a TOOL. People can kill with a hammer or knife and it’s the PERSON using it that defines it. Not the tool itself. If Jenman opens his eyes a little wider he’ll see that there are a lot of people using this tool to the better.
Unfortunately on this forum, we only seem to be preaching to the converted.
Again, this is only my opinion.
Cheers,
Karl.
The only thing that limits us…is a limiting belief.
During the gun “debate” did you believe that firearms should have been taken from law abiding citizens? I mean, guns are a “tool”.
For what it’s worth (not much to you guys but then again in the right circumstances you’d think I was an angel. Hope you never need me) I think wrapping fails the “can I look at myself in the mirror” test.
Air goes in and out. Blood goes round and round. Any variation is a bad thing
Originally posted by zen:I am reading Jan Somers – Story by Story. On one on the chapter she said that property prices (I think in Melbourne? could be Sydney) since 1950 till 1990s on average was 3 to 4 times of average salary.
Last time I checked the average australian wage, before OT and before bonuses was $50k.
Kinda makes you wonder about current market. Mark my words there are tears ahead.
Air goes in and out. Blood goes round and round. Any variation is a bad thing
Originally posted by AUSPROP:Personally I couldn’t pay my debt off tomorrow and can’t really see a problem with that. As long as the asset backing is there I figure I have a good 30 or 40 years to pay it off – what’s the big hurry?
Extensive list of ‘Off The Plan’ property available for sale in Perth.John – 0419 198 856
You get sick, lose your job, you kid get’s banged up in a Bali Jail, the bank demands payment because other debtors fail to pay, your involved in an accident and insurance doesn’t cover it (know a guy who lost his abode becuase of a car accident… 3rd party took it off him) interest rates skyrocket but your salary stays the same?
Air goes in and out. Blood goes round and round. Any variation is a bad thing
Originally posted by Shellby:Hi everyone,
the Herald Sun today claims house prices, in Melbourne, are on the way up, after a December quarter rise in median house prices. Just wondering what other forumites feelings are about the current climate, and whether or not you feel this trend will continue over the next year?
Regards, ShelbyI heard a rumour that wages were going up across the board so that people can afford to buy overpriced shoe boxes.
Air goes in and out. Blood goes round and round. Any variation is a bad thing
Wow – Reading this forum is a real eye opener. I can’t believe people are ready to jump in at the peak of the biggest asset bubble the world (yes it is world wide.. Ireland, US, UK, RSA, NZ) has seen. Guess you don’t want to be left out when you retire and swap “loss” stories at the Nursing Home.
I am shaking my head in utter disbelief.
Look up the investment clock / cycle. Try to work out where we are right now.
Look up the history of % rates and see if our historically low % rates will stay so very very low.
Look up OS % rates and learn that ours is actually quite high.
Look at job statistics and research how they are manipulated (they are your tenents)
Ask yourself. Will my husband be happy with a decade of negative equity? ie will my husband be happy that I pushed him into owing the bank more than our properties are worth?
Air goes in and out. Blood goes round and round. Any variation is a bad thing
Originally posted by damianwhite:I have a number of IP that are negatively geared but would now like to purchase +ve geared property, I have Steve’s book and it mentions the 11 second rule. So far I have not found any properties that come close to passing this rule, are there properties out there that do?
I am in the Brisbane area.Perhaps you should wait until the bubble bursts?
Look at when Steve’s Book was published. Then Look at when the Bubble started. should give you a hint.
You must be a real newbie. When rent is roughly equal to mortgage repayments people buy. At the moment my landlord is subsidising me to the tune of $160 a week. Nice! If you want to pay me more to stay in your “investment” PM me.
Air goes in and out. Blood goes round and round. Any variation is a bad thing
23 and wasted time? wow you are keen. Just in case you don’t know it all please do some research into asset bubbles. If you believe that property can’t go down then think again. Then if you believe it go ahead.
Look up the investment clock. Where do you think we are right now?
This bubble is based on the bigger fool. Hope you aren’t that fool.
If a Registered Nurse, Teacher, cant afford a property then it’s overpriced in my opinion.
Then again at 23 you can afford a decade of negative equity so go for it.
My missus and I are cashed up ready to swoop in on an “investor” when the crash happens. We are ethical though and won’t prey on a person forced into selling their home.
All the figures point to a rosey future. The gov’t, Real Estate Institute or Banks wouldn’t lie would they?
Air goes in and out. Blood goes round and round. Any variation is a bad thing
Originally posted by lazyboy:Hi all.
I’m a kiwi (don’t hold that agaist me!)Are you ashamed of your country of birth?
My Fiance is a kiwi.
I’ve worked with plenty of Kiwi’s and they’d love to have a chat with you about your heritage.
Perhaps you might like to look at your countries rich heritage and history, look at the people who made your country great before you post such rubbish again.
you’ve bought into the whole Kiwi bashing cr@p that happens here in Oz. If you have such thin skin that you have to appologise for your heritage may I suggest that you return to NZ where you can hold your head high when you next say that you are a Kiwi?
For shame
Air goes in and out. Blood goes round and round. Any variation is a bad thing
I love it. For a fee I will find you great investments that are cash flow positive. I don’t want them because ……. well that is the question isn’t it.
Air goes in and out. Blood goes round and round. Any variation is a bad thing
That sucks. They are behind but not that behind that they know to get their money before you sell.
Let us know how it goes.
Torachan
Air goes in and out. Blood goes round and round. Any variation is a bad thing
Not me.
Will have a deposit on a property by then if prices slow down some
Torachan
Air goes in and out. Blood goes round and round. Any variation is a bad thing
